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Ether
Ether (ETH) is the native cryptocurrency of the Ethereum blockchain, functioning as a fuel for operations within the network. It serves multiple purposes: as a digital currency, it can be bought, sold, and held as an investment; as a utility token, it's used to pay for transaction fees and computational services on the Ethereum network. Ether is integral to running decentralized applications (dApps) and executing smart contracts on Ethereum, providing the necessary resources for these operations. As Ethereum evolves, especially with upgrades like Ethereum 2.0, Ether's role remains central, facilitating not just transactions but also the broader ecosystem of decentralized finance (DeFi) and various blockchain-based applications.
Market Wrap: Bitcoin Trading Tepidly at $33.7K While SushiSwap Eats Raw Market Share
The investor spotlight is now shining on DeFi tokens and trading.
Market Wrap: Bitcoin Bumps to $38.6K While DeFi Exchanges Hit $50B
Crypto spot volumes rose to the second-highest level in over a month.
Market Wrap: Bitcoin Reverses Wednesday’s Losses, Ether Climbs
Few are attributing the cryptocurrency's rise to market fundamentals after the GameStop roller coaster.
Market Wrap: Bitcoin Drops to $29.9K While DeFi Hits Record $29B Locked
Today was the first time bitcoin traded below $30,000 since Jan. 21.
Market Wrap: Bitcoin Slips to $30.8K While Investors Plow BTC Back Into DeFi
Its price fell Tuesday but the amount of BTC in DeFi is at its highest in over a month.
More Institutional Investors Are Buying Ether, Seeing It as a Store of Value
The ether rally appears to be more organic and driven from within the crypto industry.
Market Wrap: Bitcoin Hits $34.8K While Ether Volatility Skyrockets
A bullish bitcoin mentality appears to be forming in the options market while ether continues on its roller coaster.
Big Investors Stacked Up Ether as Price Rose to Record High
The increased accumulation by investors with deep pockets may have put upward pressure on ether's price.
Market Wrap: Bitcoin Back Above $33K While Ether Up 65% in 2021
There appears to be strong support around $30,000, according to traders.
